Question: A firm has two variable factors and a production function f(x 1 , x 2 ) = (2x 1 + 4x 2 ). On the

A firm has two variable factors and a production function f(x₁, x₂) = √(2x₁ + 4x₂). On the graph below, draw production isoquants corresponding to an output of 3 and to an output of 4.

If the price of the output good is 4, the price of factor 1 is 2, and the price of factor 2 is 3, find the profit-maximizing amount of factor 1 ___________, the profit-maximizing amount of factor 2 _________,and the profit-maximizing output ____________.

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